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Pantera Capital’s founder says the U.S. will not allow private companies to challenge the dollar

May 15, 2020

Dr. Steven Waterhouse, founding partner of Pantera Capital and CEO of Orchid (OXT), believe the US government will not allow a private company to challenge the dollar.

In a pre-recorded interview Telegram announced that it had abandoned its blockchain projectDr. Waterhouse said the U.S. government. United States Consider cryptocurrencies issued by companies with hundreds of millions of users a real threat to the dollar:

“The idea that some startups are building their own stable coins, perhaps with hundreds of millions of messaging client installations, be it Facebook or Telegram or any other, could really challenge both central bank’s digital and fiat currencies. ? […] This has to trigger different regulations. I think that’s why we’ve seen such a strong response from both Facebook Libra and Telegram. “

Many governments around the world have taken a double measure: Hold back the issue of stablecoins At the same time, they were able to compete with fiat money They examine the output of their own digital currencies.

Durov’s statement is unique

Pantera Capital’s founder says the U.S. will not allow private companies to challenge the dollar
Pantera Capital’s founder says the U.S. will not allow private companies to challenge the dollar

But also Dr. Waterhouse reacted with discouragement on recent comments by telegram founder Pavel Durov, in which he described the United States as a “police state” and discouraged Eastern European entrepreneurs from founding their technology companies in Silicon Valley. He said it was the first time in 20 years that someone had expressed this opinion:

“The only time in 20 years that we live in San Francisco and maintain and maintain a strong network in Silicon Valley. This is [la primera vez] Someone tells me that this is not the best place to start or start a business. “

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